PDS Planning Inc Sells 147 Shares of T-Mobile US, Inc. $TMUS

PDS Planning Inc lowered its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 5.4% in the 2nd quarter, Holdings Channel reports. The firm owned 2,560 shares of the Wireless communications provider’s stock after selling 147 shares during the period. PDS Planning Inc’s holdings in T-Mobile US were worth $610,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. NorthCrest Asset Manangement LLC purchased a new position in shares of T-Mobile US in the second quarter worth $284,000. Crestwood Advisors Group LLC raised its stake in shares of T-Mobile US by 79.5% in the first quarter. Crestwood Advisors Group LLC now owns 1,635 shares of the Wireless communications provider’s stock worth $436,000 after purchasing an additional 724 shares during the last quarter. Berkshire Bank raised its stake in shares of T-Mobile US by 12.5% in the second quarter. Berkshire Bank now owns 12,593 shares of the Wireless communications provider’s stock worth $3,000,000 after purchasing an additional 1,400 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in shares of T-Mobile US by 14.3% in the first quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider’s stock worth $1,837,399,000 after purchasing an additional 864,030 shares during the last quarter. Finally, Fox Hill Wealth Management purchased a new position in shares of T-Mobile US in the second quarter worth $2,603,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on TMUS shares. Deutsche Bank Aktiengesellschaft boosted their price target on T-Mobile US from $280.00 to $300.00 in a research note on Thursday, October 2nd. JPMorgan Chase & Co. upped their price objective on T-Mobile US from $280.00 to $300.00 and gave the company an “overweight” rating in a research report on Tuesday, September 30th. Rothschild Redb upgraded T-Mobile US to a “hold” rating in a research report on Tuesday, September 30th. Moffett Nathanson upped their price objective on T-Mobile US from $210.00 to $230.00 and gave the company a “neutral” rating in a research report on Thursday, October 2nd. Finally, BNP Paribas Exane upped their price objective on T-Mobile US from $290.00 to $305.00 and gave the company an “outperform” rating in a research report on Monday, October 6th. Three research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $265.13.

T-Mobile US Stock Performance

Shares of TMUS opened at $228.79 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33. The business has a 50-day simple moving average of $243.36 and a two-hundred day simple moving average of $242.89. The stock has a market cap of $257.48 billion, a price-to-earnings ratio of 21.58, a PEG ratio of 1.56 and a beta of 0.59. T-Mobile US, Inc. has a 52 week low of $208.39 and a 52 week high of $276.49.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, topping analysts’ consensus estimates of $2.69 by $0.15. The business had revenue of $21.13 billion during the quarter, compared to analysts’ expectations of $20.99 billion. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.49 earnings per share. On average, analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be given a $1.02 dividend. The ex-dividend date is Wednesday, November 26th. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.88. This represents a $4.08 dividend on an annualized basis and a yield of 1.8%. T-Mobile US’s dividend payout ratio (DPR) is currently 33.21%.

Insider Buying and Selling

In other news, Director Telekom Ag Deutsche sold 64,426 shares of the company’s stock in a transaction dated Wednesday, October 8th. The stock was sold at an average price of $226.17, for a total value of $14,571,228.42. Following the completion of the transaction, the director owned 628,039,751 shares of the company’s stock, valued at $142,043,750,483.67. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold a total of 2,499,001 shares of company stock valued at $602,845,239 in the last three months. Corporate insiders own 0.37% of the company’s stock.

About T-Mobile US

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.